Dec 9, 2012 3:00pm PST
.ncicap.org-- >> for the record, the unemployment rate has dropped to 7.7%, the economy adding 146,000 jobs in november. we want to keep that in mind as we head towards the fiscal cliff. only four in 10 americans expect the white house and congress to reach a deal on the cliff before the first of the year, and if this goes south, a 53% of the american people are prepared to blame republicans. the president's job approval rating is well over 50%. congress' approval rating is under 20%. why what a the president back down? >> the president isn't interested in a balanced agreement, not particularly interested in avoiding a fiscal cliff, and clearly not been tested at all in cutting and spending. >> the senate minority leader says that what the president is interested in is getting as much taxpayer money has he can so that he can spend to his heart's content. with his approval ratings going up and congress' numbers at historic lows and the unemployment rate dropping, why with the president back down? charles? >> to some extent he is under estimating the damage she will suffer if -- he suffer if we go over the cliff.
Dec 9, 2012 9:00am EST
of f top financial people i talked to this week the economy is likely to take off and save a l of grief and make everybody feel a lot better. congre will benefit from that as well as the president. that is why he needs to get it done. >> in the senate, who is likely to move on this? olympia snowe? lugar? scott brown? >> you have identified some of the usual sususpects. the problemsproblem republicans have iss this -- you have people like scott brown in massachusetts, linda lingle in hawaii heather wilson in new mexico who were good statewide candidates with good credentials who lost for one reason -- they had "r" next to their name. it did not hurt heidi heidkamp or jon tester. this is an albatross for the republicans to deal with. the president knows he has the advantage, and the republicans have to get beyond this if they become combative as a party. >> any wiggle room in the house charles? >> i don't understandnd when colby says that for the president raisising rates is s a matter of principle. there is no principle here. the president himself said at the july 2011 press conference